Answer and Explanation:
The journal entries are as follows:
On Jan. 19
Accounts receivables $46,800
To Sales $46,800
(Being the merchandise sold on account is recorded)
Cost of goods sold $25,300
To Inventory $25,300
(being the cost of merchandise is recorded)
On June 2
Cash $10,800
Bad debt expense $36,000
To Accounts receivables $46,800
(being cash received is recorded)
On Oct. 23
Accounts receivables $36,000
To Bad debt expense $36,000
(being written off is recorded)
Cash $36,000
To Accounts receivables $36,000
(being cash received is recorded)
